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Overview / Commentary
602 Main Street
Mount Hope, WV 25880

Bank of Mount Hope, Inc. is headquartered in Mount Hope and is the 44th largest bank in the state of West Virginia. It is also the 4,165th largest bank in the nation. It was established in 1914 and as of March of 2014, it had grown to 31 employees at 3 locations. Bank of Mount Hope, Inc. has a A+ health rating.

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Bank of Mount Hope, Inc. had $116,000 in non-current loans and owned real-estate with $15.32 million in equity and loan loss allowances on hand to cover it. This gives Bank of Mount Hope, Inc. a Texas Ratio of 0.76% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Bank of Mount Hope, Inc. decreased dramatically from 1.43% as of March 31, 2013 to 0.76% as of March 31, 2014, resulting in a positive change of 47.16%.This indicates that the balance sheet and financial strength for Bank of Mount Hope, Inc. has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, Bank of Mount Hope, Inc. has increased its total deposits by $3 million, resulting in 3.13% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank of Mount Hope, Inc. has shown is excellent.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank of Mount Hope, Inc. has $125.34 million in assets with $15.32 million in equity, resulting in a capitalization level of 12.22%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #13017
Year Established1914
Employees31
Primary RegulatorFDIC
Assets and Liabilities
Assets$125.34 million
Loans$60.53 million
Deposits$99.09 million
Equity Capital$14.63 million
Loan Loss Allowance$689,000
Unbacked Noncurrent Loans$116,000
Real Estate Owned$0
Historic Data - March 2013
Assets$122.89 million
Equity Capital$14.65 million
Loan Loss Allowance$700,000
Unbacked Noncurrent Loans$116,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.98%
Return on Assets0.74%
Return on Equity6.36%
Interest Income$1.02 million
Rates

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Locations


Bank of Mount Hope, Inc. Locations
Beckley Branch204 Pinewood DriveBeckley, WV 25801
Bank Of Mount Hope, Inc.602 Main StreetMount Hope, WV 25880
Oak Hill Branch835 East Main StreetOak Hill, WV 25901